Trading activity on the Nigerian Exchange (NGX) in 2025 has been relatively subdued compared to the same period in 2024.
By January 19, 2024, the NGX had recorded a trading volume of approximately 14.2 billion shares, valued at N208.4 billion. In contrast, the corresponding period in 2025 saw 8.6 billion shares traded, amounting to a value of N213.6 billion.
In this report, BusinessDay tracks some of the most active stocks trading in the market this year. The most active stocks are tracked using their average trading volume.
Wema Bank – 81.288 million
Wema Bank was the most active stock with an average trading volume of 81.288 million shares since the start of the year to January 20. The bulk of the stock’s trading volume came on Monday, January 20, when about 980 million shares were traded.
Year-to-date, Wema Bank has appreciated by 13.2 percent, opening the year with a share price of N9.10, and reaching a year-high of N11.45 on January 8.
Read also: Stock market decreases by 0.29% on profit taking activities
Universal Insurance – 43.766 million
Universal Insurance was one of the most active equities listed on the NGX in 2024. The trend continued in 2025, as the stock recorded an average trading volume of 43.766 million shares.
In 2024, Universal Insurance appreciated by 154 percent, as the stock was one of the most actively traded equities in the market. This year, the equity has appreciated by 4.55 percent, trading at a share price of N0.69. After hitting an all-time high of N0.86 on January 6, market players have begun to effect price correction, calling a dip in the share price.
AIICO Insurance – 41.135 million
After taking the crown as the most profitable insurer listed on the NGX, it is no surprise that investors’ attention is drawn to AIICO Insurance. In 2024, insurance companies were some of the best performers in the market, with NGX Insurance Index being only the second-best performing index, behind the oil and gas index.
In 2025, AIICO Insurance has also turned out as one of the actively traded stocks with an average trading volume of 41.135 million shares. After a slow year, AIICO began to pick up the pace in December 2024, appreciating by 19.2 percent. The bullish trend continued into 2025, with the stock hitting an all-time high of N1.93 per share on January 9.
Access Holdings – 26.812 million
After releasing the report on its N351 billion rights issue, there has been heightened interest in Access Holdings. The stock recorded an average trading volume of 26.812 million shares as of January 20.
This year, Access Holdings has ranged in the equities market, with a meagre 1.05 percent appreciation year-to-date.
5. FBN Holdings – 23.592 million
With an average trading volume of 23.592 million shares so far in 2025, FBN Holdings shows to be one of the most active stocks in the NGX. In 2025, FBN Holdings recorded a year-to-date appreciation of 3.92 percent, as the stock opened the year at N28.05 and is currently trading at N29.15.
The increased interest in FBN shares can be partially attributed to the ownership dispute that has emerged within the bank’s management circles.
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
